FCC May Approve Purchase
Of 12 TV Stations by Diller

WASHINGTON -- The Federal Communications Commission is expected to approve as early as Wednesday Barry Diller's purchase of 12 television stations that would form the core of a new broadcast network.

The transaction had been threatened by a condition the FCC attached to an earlier, tentative approval. The new FCC order drops that provision, which would have required Tele-Communications Inc., the big cable operator that is a partner in the deal, to seek FCC approval if TCI significantly expanded operations in any of those...